Overall, the price of BTC is consolidating around 27,000 dollars, and there could be more increase in the future. Conversely, some altcoins are finding it tough to gain positive momentum. Some of them include ripple, litecoin, and lots more.
Major Signals
- Ethereum increases by over 10 percent and now trades above 700 dollars
- Bitcoin is currently trading above 26.5k dollars
- Ripple is finding it hard to stay at the positive 0.300 level
The price of BTC is now above 27,000 dollars. More upward movements could take it to 28,300 dollars and above, while a downward or upside movement could take it back to 26,000 dollar support.
ETH, on the other hand, has gone past the 700 dollars and could also test 760 dollars with further downfall could take it down to 650 dollars.
Bitcoin cash is sitting at 320 dollars level and is finding it tough to beat the 350 dollars resistance level. Litecoin also experienced a minor spike and now stays above the 125 dollar resistance level. But downside correction could take it to 115 dollars.
Ripple is still facing a problem as it is finding it tough to stay above the 0.300 support level, while it currently trades above the 0.300 dollar level, and any downward movement could take it to 0.274. what’s your thought on the current price trend.
